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Nigeria vs Panama statistics compared

Updated on by Georank team

Nigeria has a population of 233M (ranked 6/197), compared with 4.52M in Panama (ranked 128/197). Nigeria's land area is 351,650 sq mi versus 28,641 sq mi for Panama (ranked 30th vs. 115th).

By GDP, Nigeria ranks 54/197 ($252B) and Panama ranks 78/197 ($86.5B). By GDP per capita, Nigeria ranks 174/197 ($1,084), while Panama ranks 60/197 ($19,161).

Main facts and rankings

Nigeria Panama
Population
243824469
4642198
Population rank 6/197 128/197
GDP
$252B
2024
$86.5B
2024
GDP rank 54/197 78/197
GDP per capita
$1,084
2024
$19,161
2024
GDP per capita rank 174/197 60/197
GDP per capita, PPP
$9,087
2024
$41,369
2024
Government debt
$99.2B
2024
$49.6B
2024
Debt-to-GDP ratio
39.3%
2024
57.4%
2024
Government debt per person
$426
2024
$10,995
2024
Government debt per person rank 170/185 51/185
Average annual personal income after taxes
$1,104
2026
$10,196
2026
Land area 351,650 sq mi 28,641 sq mi
Population density
690 ppl/mi²
2026
161.6 ppl/mi²
2026
Fertility rate
4.48
2023
2.12
2023
Median age
19 years
2024
30.9 years
2024
Life expectancy
55 years
2026
80.1 years
2026

Nigeria and Panama: Comparison Charts

Nigeria and Panama economies compared

GDP
Nigeria

Panama
1x
Year GDP
Nigeria Panama
2024 $252,261,880,141 $86,523,959,132
2023 $487,387,801,881 $83,812,155,244
2022 $646,950,257,578 $76,479,304,471
2021 $609,147,716,973 $67,396,392,506
2020 $598,586,817,819 $57,059,846,522
2019 $668,219,992,691 $69,778,991,193
2018 $421,739,251,509 $67,316,471,181
2017 $375,745,731,053 $64,327,688,826
2016 $404,649,125,252 $59,760,858,718
2015 $493,026,682,801 $55,767,806,073
2014 $574,183,763,412 $51,427,104,882
2013 $520,117,180,314 $46,949,496,479
2012 $463,971,018,239 $41,595,439,721
2011 $414,466,676,831 $35,687,738,252
2010 $366,990,417,129 $30,231,009,533
2009 $295,008,835,381 $27,791,215,547
2008 $339,476,276,258 $25,721,327,955
2007 $278,260,846,800 $21,717,433,808
2006 $238,454,997,161 $18,659,721,513
2005 $175,670,569,969 $16,623,906,739
2004 $135,764,731,646 $15,100,203,362
2003 $104,738,954,264 $13,603,456,003
2002 $95,054,059,303 $12,800,851,271
2001 $73,557,840,064 $12,252,906,341
2000 $69,171,451,627 $11,966,497,049
1999 $59,145,077,039 $11,660,704,777
1998 $218,416,200,673 $11,019,557,689
1997 $200,850,397,618 $10,058,854,386
1996 $185,730,236,700 $9,197,503,323
1995 $140,919,776,986 $9,573,813,700
1994 $80,399,613,064 $9,365,289,800
1993 $56,721,051,402 $8,782,585,400
1992 $52,058,181,854 $8,042,337,700
1991 $59,526,833,412 $7,074,675,500
1990 $54,035,795,388 $6,433,967,000
1989 $44,003,061,108 $5,918,469,800
1988 $49,648,470,440 $5,902,783,400
1987 $52,676,041,931 $6,827,665,300
1986 $54,805,852,581 $6,797,834,200
1985 $73,745,821,158 $6,541,517,100
1984 $73,484,359,521 $6,183,387,100
1983 $97,094,911,792 $5,923,755,900
1982 $142,769,363,314 $5,769,767,900
1981 $164,475,209,516 $5,222,421,500
1980 $64,201,788,123 $4,614,086,400
1979 $47,259,911,894 $3,704,551,600
1978 $36,527,862,209 $3,244,558,600
1977 $36,035,407,725 $2,738,261,900
1976 $36,308,883,249 $2,588,106,000
1975 $27,778,934,625 $2,435,304,100
1974 $24,846,641,318 $2,188,307,600
1973 $15,162,871,287 $1,913,793,400
1972 $12,274,416,018 $1,673,411,700
1971 $9,181,769,912 $1,523,917,200
1970 $12,546,094,982 $1,351,006,400
1969 $6,634,317,346 $1,221,305,700
1968 $5,200,997,920 $1,112,791,100
1967 $5,203,237,919 $1,034,376,400
1966 $6,366,917,453 $928,833,000
1965 $5,874,537,650 $852,485,300
1964 $5,552,931,319 $776,137,500
1963 $5,165,590,254 $722,784,500
1962 $4,909,399,176 $652,120,900
1961 $4,467,287,893 $599,026,300
1960 $4,196,174,502 $537,147,100

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/nigeria/panama | CC BY

Nigeria and Panama economies compared

GDP per capita
Nigeria

Panama
1x
Year GDP per capita
Nigeria Panama
2024 $1,084 $19,161
2023 $2,139 $18,797
2022 $2,899 $17,379
2021 $2,787 $15,510
2020 $2,797 $13,291
2019 $3,190 $16,478
2018 $2,058 $16,151
2017 $1,876 $15,695
2016 $2,070 $14,832
2015 $2,586 $14,083
2014 $3,089 $13,213
2013 $2,873 $12,273
2012 $2,633 $11,065
2011 $2,418 $9,662
2010 $2,202 $8,331
2009 $1,820 $7,797
2008 $2,154 $7,348
2007 $1,816 $6,318
2006 $1,600 $5,529
2005 $1,211 $5,018
2004 $962 $4,645
2003 $763 $4,265
2002 $712 $4,091
2001 $566 $3,992
2000 $547 $3,975
1999 $481 $3,950
1998 $1,822 $3,808
1997 $1,720 $3,546
1996 $1,633 $3,308
1995 $1,272 $3,514
1994 $745 $3,508
1993 $540 $3,358
1992 $509 $3,140
1991 $597 $2,821
1990 $556 $2,620
1989 $465 $2,462
1988 $540 $2,509
1987 $588 $2,966
1986 $628 $3,019
1985 $869 $2,972
1984 $890 $2,875
1983 $1,207 $2,819
1982 $1,822 $2,811
1981 $2,162 $2,605
1980 $870 $2,357
1979 $661 $1,938
1978 $527 $1,738
1977 $536 $1,503
1976 $556 $1,457
1975 $438 $1,406
1974 $403 $1,296
1973 $252.4 $1,164
1972 $209.5 $1,046
1971 $160.5 $979
1970 $224.5 $893
1969 $121.4 $830
1968 $97.3 $778
1967 $99.5 $745
1966 $124.4 $689
1965 $117.3 $651
1964 $113.3 $611
1963 $107.7 $587
1962 $104.5 $546
1961 $97.1 $516
1960 $93.1 $477

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/nigeria/panama | CC BY

Nigeria vs. Panama life expectancy calculator

Life expectancy
Nigeria

Panama
1x
Year Life expectancy, years
Nigeria Panama
2026 55 80.1
2025 54.8 80
2024 54.6 79.8
2023 54.5 79.6
2022 54.1 79.3
2021 53.5 77
2020 53.1 76.3
2019 53 78.5
2018 52.7 78.3
2017 52.4 77.9
2016 52.2 77.8
2015 51.9 77.6
2014 51.9 77.4
2013 51.8 77.1
2012 51.7 76.9
2011 51.5 76.7
2010 51.3 76.4
2009 51.1 76.2
2008 50.7 75.9
2007 50.4 75.7
2006 49.9 75.4
2005 49.5 75.2
2004 49.1 74.8
2003 48.6 74.6
2002 48 74.2
2001 47.5 73.8
2000 47.1 73.4
1999 46.6 73.1
1998 46.1 72.8
1997 46 72.5
1996 45.8 72.2
1995 45.9 72
1994 45.7 71.9
1993 45.8 71.8
1992 45.6 71.5
1991 45.5 71.3
1990 45.7 71.3
1989 45.8 70.1
1988 45.8 70.9
1987 45.9 70.8
1986 46 70.7
1985 46.2 70.5
1984 46.3 70.4
1983 46.4 70.1
1982 46.4 69.9
1981 46.3 69.8
1980 46 69.5
1979 45.7 69.1
1978 45.3 68.7
1977 44.8 68.3
1976 44.2 67.8
1975 43.1 67.2
1974 42.5 66.6
1973 41.8 65.8
1972 41.3 65.2
1971 40.6 64.7
1970 40 64.1
1969 38.9 63.7
1968 38.6 63.2
1967 37.5 62.9
1966 38.4 62.6
1965 38.2 62.3
1964 38 62.1
1963 37.8 61.8
1962 37.6 61.4
1961 37.4 60.9
1960 37.2 60.3
1959 37 59.6
1958 36.8 58.9
1957 36.6 58.3
1956 36.5 57.9
1955 36.3 57.5
1954 36.2 57.2
1953 36 56.8
1952 35.9 56.4
1951 35.7 55.9
1950 35.5 55.4

Data sources: United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10).

GeoRank.org/facts/nigeria/panama | CC BY

Nigeria and Panama population clocks and comparison

Population
Nigeria

Panama
1x
Year Population
Nigeria Panama
2024 232,679,478 4,515,577
2023 227,882,945 4,458,759
2022 223,150,896 4,400,773
2021 218,529,286 4,345,405
2020 213,996,181 4,293,261
2019 209,485,641 4,234,700
2018 204,938,755 4,167,860
2017 200,254,579 4,098,707
2016 195,443,700 4,029,086
2015 190,671,878 3,960,035
2014 185,896,915 3,892,101
2013 181,049,443 3,825,329
2012 176,200,625 3,759,256
2011 171,379,598 3,693,505
2010 166,642,886 3,628,535
2009 162,049,464 3,564,381
2008 157,595,014 3,500,648
2007 153,267,261 3,437,490
2006 149,077,334 3,375,024
2005 145,017,253 3,313,026
2004 141,057,045 3,251,155
2003 137,202,644 3,189,807
2002 133,471,989 3,129,344
2001 129,862,595 3,069,537
2000 126,382,494 3,010,369
1999 123,047,320 2,951,822
1998 119,846,254 2,893,914
1997 116,754,792 2,836,695
1996 113,754,779 2,780,227
1995 110,819,428 2,724,557
1994 107,935,714 2,669,546
1993 105,122,069 2,615,099
1992 102,372,770 2,561,336
1991 99,720,162 2,508,265
1990 97,120,925 2,455,583
1989 94,531,014 2,403,820
1988 92,020,090 2,352,848
1987 89,591,716 2,301,970
1986 87,235,953 2,251,325
1985 84,897,973 2,200,915
1984 82,526,443 2,150,782
1983 80,438,260 2,101,106
1982 78,378,701 2,052,271
1981 76,068,103 2,004,418
1980 73,764,641 1,957,534
1979 71,498,242 1,911,552
1978 69,326,532 1,866,311
1977 67,234,590 1,821,543
1976 65,258,009 1,776,935
1975 63,410,815 1,732,389
1974 61,679,144 1,687,926
1973 60,082,139 1,643,690
1972 58,601,748 1,599,723
1971 57,214,684 1,556,081
1970 55,893,838 1,513,070
1969 54,631,914 1,470,886
1968 53,432,783 1,429,447
1967 52,293,065 1,388,628
1966 51,188,234 1,348,388
1965 50,086,764 1,308,835
1964 49,012,016 1,270,065
1963 47,973,575 1,232,124
1962 46,965,292 1,195,301
1961 45,989,310 1,159,870
1960 45,053,782 1,126,005

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/nigeria/panama | CC BY

Fertility rates in Nigeria and Panama

Fertility rate
Nigeria

Panama
1x
Year Fertility rate
Nigeria Panama
2023 4.48 2.12
2022 4.55 2.14
2021 4.64 2.15
2020 4.7 2.18
2019 4.86 2.29
2018 5.02 2.4
2017 5.18 2.46
2016 5.34 2.5
2015 5.5 2.53
2014 5.62 2.55
2013 5.69 2.57
2012 5.8 2.59
2011 5.89 2.6
2010 5.95 2.59
2009 5.99 2.59
2008 6.02 2.61
2007 6.03 2.61
2006 6.05 2.62
2005 6.06 2.64
2004 6.09 2.68
2003 6.1 2.68
2002 6.12 2.7
2001 6.13 2.72
2000 6.12 2.74
1999 6.08 2.77
1998 6.07 2.79
1997 6.14 2.81
1996 6.22 2.83
1995 6.27 2.85
1994 6.32 2.88
1993 6.35 2.91
1992 6.39 2.95
1991 6.43 3
1990 6.46 3.07
1989 6.49 3.12
1988 6.5 3.17
1987 6.5 3.25
1986 6.56 3.34
1985 6.62 3.43
1984 6.7 3.52
1983 6.78 3.6
1982 6.8 3.66
1981 6.82 3.72
1980 6.85 3.8
1979 6.89 3.88
1978 6.92 3.98
1977 6.86 4.12
1976 6.81 4.26
1975 6.77 4.41
1974 6.7 4.58
1973 6.63 4.74
1972 6.58 4.91
1971 6.53 5.05
1970 6.47 5.18
1969 6.44 5.29
1968 6.42 5.41
1967 6.4 5.53
1966 6.39 5.65
1965 6.37 5.73
1964 6.36 5.81
1963 6.35 5.87
1962 6.36 5.87
1961 6.35 5.87
1960 6.36 5.83

Data sources: World Bank | Health (1960–2023, retrieved 2026-04-06).

GeoRank.org/facts/nigeria/panama | CC BY

Nigeria and Panama demographics compared

Median age
Nigeria

Panama
1x
Year Median age, years
Nigeria Panama
2024 19 30.9
2023 18.8 30.6
2022 18.7 30.3
2021 18.5 30
2020 18.3 29.7
2019 18.2 29.4
2018 18 29.1
2017 17.9 28.8
2016 17.8 28.5
2015 17.8 28.3
2014 17.7 28
2013 17.7 27.8
2012 17.7 27.5
2011 17.7 27.2
2010 17.8 27
2009 17.8 26.7
2008 17.8 26.4
2007 17.9 26.1
2006 17.9 25.9
2005 17.9 25.6
2004 17.9 25.3
2003 17.9 25.1
2002 17.9 24.8
2001 17.9 24.5
2000 17.9 24.3
1999 17.9 24
1998 17.8 23.7
1997 17.7 23.5
1996 17.6 23.2
1995 17.6 22.9
1994 17.5 22.7
1993 17.4 22.4
1992 17.4 22.1
1991 17.3 21.8
1990 17.3 21.5
1989 17.3 21.3
1988 17.3 21
1987 17.3 20.7
1986 17.3 20.4
1985 17.3 20.2
1984 17.4 19.9
1983 17.5 19.7
1982 17.6 19.5
1981 17.7 19.2
1980 17.8 19
1979 17.9 18.8
1978 18 18.6
1977 18.2 18.4
1976 18.3 18.3
1975 18.4 18.1
1974 18.5 18
1973 18.6 17.8
1972 18.7 17.7
1971 18.8 17.7
1970 18.9 17.6
1969 19.1 17.6
1968 19.2 17.5
1967 19.2 17.5
1966 19.3 17.5
1965 19.3 17.5
1964 19.3 17.6
1963 19.3 17.6
1962 19.3 17.7
1961 19.3 17.8
1960 19.3 17.8

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/nigeria/panama | CC BY

Interactive Maps

Use the buttons below to switch between world maps comparing statistics for Nigeria and Panama.

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National statistics comparison

Finance

Nigeria Panama
GNI, Atlas method
$396B
2024
$81.3B
2024
Government expenditure, % of GDP
12.3%
2024
23.1%
2024
Education expenditure, % of GDP
0.32%
2023
2.47%
2023
Military expenditure, % of GDP
0.56%
2024
0.97%
1999
Armed forces personnel
223,000
2020
28,000
2020
Deficit/surplus, % of GDP
-1.57%
2024
-7.42%
2024
Unemployment rate
3.45%
2024
8.61%
2024
Services, % of GDP
53.7%
2024
69.3%
2024
Industry, % of GDP
18.2%
2024
25.5%
2024
Economic freedom index
54.8
2026
64.9
2026
Income share by richest 10%
26.3%
2022
37.6%
2024
Income share by poorest 10%
3%
2022
1.2%
2024
Number of billionaires
4
2025
0
2025
Percentage of billionaires
0.000004%
2025
0%
2025
Listed domestic companies
169
2024
36
2024
Market capitalization of domestic companies
$54.4B
2024
$18.3B
2024
Total reserves including gold
$38.6B
2024
$6.86B
2024
Personal remittances received
$21.3B
2024
$532M
2024
International tourist arrivals
5,265,000
2016
647,000
2020
International tourism as share of exports
0.8%
2020
9.3%
2020
Banked people share
63.3%
2024
64.1%
2024

Energy

Nigeria Panama
Energy use, kg of oil equivalent per capita
333 kg
2022
1,063 kg
2022
GDP PPP per kg equivalent of energy use
$24.9
2022
$34.2
2022
Carbon dioxide (CO2) emissions
131.9 megatons
2024
12.4 megatons
2024
CO2 emissions per capita
0.57 tons
2024
2.74 tons
2024
Fossil fuel energy use share
55.7%
2022
76.5%
2022
Renewable energy use share
80.3%
2021
28%
2021
Alternative and nuclear energy use share
1.08%
2022
17.3%
2022
Net energy imports use share
-66.3%
2022
171.2%
2022
Electric power consumption per capita
135.6 kWh
2022
2,546 kWh
2022
Renewable electricity output share
23.8%
2021
79.3%
2021
Hydroelectric share
24.3%
2022
66.3%
2022
Nuclear share
0%
2021
0%
2021
Electricity access
61.2%
2023
97%
2023

Society

Nigeria Panama
% of world population
2.86%
2024
0.06%
2024
Annual migration change
-15,258
2025
+6,151
2025
Urban population
63%
2024
66%
2024
Male:Female ratio
50.6:49.4
2024
50:50
2024
Average male height
5.63 ft
2025
5.58 ft
2025
Average female height
5.19 ft
2025
5.19 ft
2025
Quality of life index
15.2
2026
60.2
2026
Corruption Perceptions Index
26
2025
33
2025
Higher education index
57
2026
40
2026
Homicides per 100K people
21.7
2019
11.3
2022
Road traffic mortality per 100K people
20.7
2019
13.9
2019
Visa free countries
52
2025
138
2025
Adult literacy rate
70.4%
2024
96.3%
2024
English speaking
60.6%
2023
14%
2023
People using the Internet
39.2%
2023
68.5%
2023

Health

Nigeria Panama
Government health expenditure per capita
$66.8
2023
$1,558
2023
Out-of-pocket health expenditure per capita
$48
2023
$630
2023
Life expectancy
55 years
2026
80.1 years
2026
Foreign aid share of health expenditure
11.3%
2023
0.76%
2023
Physicians per 1,000 people
0.38
2023
1.63
2022
Age at first childbirth
20.4 years
2025
n/a
Maternal mortality per 100K births
993
2023
37
2023
Mortality rate before reaching 5 years of age
104.9
2023
13.3
2023
Obesity rate
12.8%
2022
37.1%
2022
Diabetes prevalence
3%
2024
11.1%
2024
Air quality index
8
2026
79
2026
Tobacco use prevalence
3.3%
2022
5.2%
2022
Pure alcohol consumption per capita
3.78 liters
2020
4.66 liters
2020

Territory

Nigeria Panama
% of world land
0.61%
2026
0.05%
2026
Land area per capita
1,511 sq mi
2024
6,343 sq mi
2024
Agricultural land area
267,948 sq mi
2026
8,456 sq mi
2026
Forest area
81,611 sq mi
2026
16,138 sq mi
2026
Roads length
121,167 mi
2017
n/a

In-depth comparisons

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2025, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. World Obesity Federation (2022, retrieved 2026-02-08)
  8. Passport Index (2025, retrieved 2026-02-08)
  9. Transparency International (2025, retrieved 2026-02-10)
  10. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  11. EduRank (2026, retrieved 2025-10-13)

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